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"I enjoy the online CPE because it allows for me to stay up-to-date with pertinent accounting issues while studying on my own time. I can pause the sessions and resume at my convenience. I feel the CPE is highly relevant as a majority of the sessions have lecturers who are experts in their field. The online interface that NYSSCPA utilizes is user friendly and allows me to easily sort by topic."– Greg Kozerski, Jr., NYSSCPA Member

The Latest From Our Publications

As the editors began working on this issue, it became increasingly probable that major tax legislation would be enacted before Congress and the President's self-imposed year-end deadline. We reached out to several of our expert authors in the field, and as a result of their timely contributions, this issue includes a first look at the Tax Cuts and Jobs Act—signed into law on December 22, 2017—as well as tax planning content on other issues.

You're talking to someone at a networking event and have reached the stage in the conversation where you've exhausted all the regular small talk topics at your disposal. Now you're both kinda shuffling around awkwardly as you scope out the room for someone to save you from this situation. But perhaps you can salvage this talk?

A survey of matrimonial attorneys has found that most believe that a provision of the tax bill the Republicans passed in December will make divorces, already not exactly a harmonious process, even more acrimonious.

U.S. Bank, one of the largest banks in America, has agreed to a $613 million settlement over allegations that, despite repeated warnings, its anti-money laundering program was woefully insufficient against detecting and reporting suspicious transactions.

Using Bureau of Labor Statistics forecasts, trade and professional association data, graduation rates, and its own database of job listings, CareerCast.com has said that there are more openings for financial advisers than there are qualified people to fill them.

The Trump Administration promised federal tax reform legislation within 100 days of the president's first term. In an effort to keep TaxStringer readers apprised of federal tax reform developments, the editors have compiled the following list of articles from trustworthy sources that will be updated on a regular basis.

Most businesses operating in New York City in the form of pass-through entities for federal tax purposes—such as partnerships, limited liability companies, S corporations, and sole proprietorships—will be subject to an entity-level tax: either the Unincorporated Business Tax (UBT) or the General Corporation Tax (GCT).

Affluent U.S. citizens and long-term legal permanent residents (i.e., green card holders) looking to expatriate from the United States can face a daunting financial obstacle in the form of the exit tax regime imposed by IRC section 877A. While the recently enacted tax law leaves IRC section 877A unchanged, it effects other changes to the IRC that can make it easier for those seeking to expatriate to get out from under IRC section 877A penalties.

On Dec. 20, 2017, Congress passed far-reaching changes to the IRC that were signed into law by the president on Dec. 22, 2017 as Public Law 115-97 (the “2017 Tax Reform Act,” also informally known as the “Tax Cuts and Jobs Act”).

On Dec. 22, 2017, President Trump enacted into law Public Law 115-97, which is colloquially, although not technically, called the "Tax Cuts and Jobs Act" (the "Act"). The Act enacts wide-ranging changes to the IRC, such as lowering the individual and corporate rates, creating a brand new deduction for certain non-corporate business, and increasing expensing for certain capital expenditures.